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يدعو المقال إلى إعادة النظر في المنهجية التي يتبعها الكاتب في التأصيل للكتابة في الاقتصاد الإسلامي مذهباً ونظاماً وعلماً.

Microfinance has followed economics in its use of Islamic debt-based apparatuses for limiting risk. The paper brings out the counterintuitive point that microfinance is already more structurally aligned to applying Islamic equity economic structures. The paper advocates the inclusion of a

The main purpose of this paper is to review the microfinance scheme and discuss how Islamic banks can participate in such an endeavor without actually compromising the issue of institutional viability and sustainability. The paper is based on an extensive review of microfinance with the objective of building a case for Islamic banking to participate in a microfinance initiative. Microfinance requires innovative approaches beyond the traditional financial intermediary role.

The paper analyzes Islamic finance within several countries, focusing on rural cooperative financial institutions and microfinancing strategies. Main organizations and high-stake operators are identified, along with the roots and causes of the ‘underground economy.’ The ‘underground economy’ of an Islamic country depends on its tax system, its penal code, and the enforceability of its financial regulations.

This paper draws its conclusions about the role of

Forays into Islamic microfinance have been few, scattered, and of limited outreach. Some have been mandated by the state, but have been lacking popular demand, as in Iran; others have emerged in response to popular demand, but have had lack of regulatory support by the state, as in Syria. This has provided the background for a more systematic study of Islamic microfinance in Indonesia, the largest

In 1980, the Islamic Republic of Pakistan implemented a

Microfinance institutions have been successful in conventional markets but there are a few cases of such institutions operating on Islamic finance principles. In an Islamic system, instruments like qard hasan, sadaqah, and